#10 Shenmue – $70 Million
Shenmue was a hugely ambitious project for its time and took the title of being the most expensive ever made when it launched in 1999. With a large open world, detailed visuals and intricate 3D battles, Sega had to budget $70 million for the project. It paid off in one sense, as the game went on to be universally praised by critics, although it struggled to sell as well as it needed to in order to recoup the costs of development. Part of that $70 million was probably invested as a gamble to put resources in place, with the hopes that success would lead to further sequels on the console. Despite being one of the most successful titles on the Dreamcast, the console’s ultimate failure meant that Shenmue was largely a commercial failure and significant loss for Sega.